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Prices Paid: Buying & Leasing Experiences Land Rover Range Rover Lease Questions
260 messages, Last post on Nov 17, 2009 at 2:59 AM
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Replying to: blessedcrys (Nov 13, 2008 10:06 pm)
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Replying to: okaasoka (Nov 14, 2008 4:06 am) |
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Wow akaasoka, sounds like you got a real good deal. I pay more and have no options. Well, just to keep everyone updated mainly Rover-Guy, all the papers are signed, I drove off the lot with the ranger rover today. Very nice truck. The dealer tried to give me a 12K mile p/year when we initially agreed to the 15K. So he was a little pissed he couldnt pull that one over on me. Only thing that concerns me is that the paperwork says the exterior color of the truck is a Sintori Black or something like that, its kind of a flat dull black when you look at it. Not Java Black which seems a little bit brighter and glossier. NYRangeRover.
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The lease is up in December and my monthly payments have been 1300. I have 2 questions: 1) I have quite a bit of dings and scratches on the outside. The inside is fine. Should I try to have all the outside damage fixed myself before the inspection? Or do I leave it as it is and pay whatever they charge me....how does it really work? 2) I was presented with the option to continue to lease the vehicle. Given the current horrible rates and the economy, I don't want to pay more than $1300/month on ANY vehicle. So I was looking into maybe leasing sport but was quoted $1615/month! I wonder if I would do better with a different make (ie BMW?). What to do? Is it possible to pay less than $1300/mo on RR or RR Sport without having to come up with a lot of out of pocket?
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Replying to: malibugaga (Nov 20, 2008 6:44 pm) Let’s see – I would guess that your leas is with LRCG as they had the best program in 06, regardless all the leasing companies use independent inspection companies to asses the damage v.s. normal wear and tear to your car. Most dealerships can give you a general idea of what is considered acceptable and what is not, but keep in mind they play no part in what the bank ultimately charge’s you for damage if any. I would recommend contacting the local dealer to see what they say – if you give me an idea of where you live I may be able to recommend the closest / best dealer to speak with. As for question #2 – Land Rover recently released extra money / incentives on the 2008 full sized rover – ie – with minimal drives (1st month payment tax and lic.) you should be at about 999+ tax for 39 months with about 10,500 miles per year. (keep in mind the banks are being very cautious who they lend money to theses days so it would be based on a very strong credit score). I believe this program nets the dealer about $1200 total gross, which is very fair. You may be able to negotiate this down a little bit – again depending on where you live I may be able to recommend a dealership who I have heard is very competitive. A sport for $1650 a month sounds very high.. Was your quote on a supercharged model?, Or with extra equipment? and was it a 2009 or 2008? If you give me the MSRP of the sport you were looking at I can give you a better idea of what the payment should be. That being said I know that you will get a better overall deal on a 2008 Range Rover HSE based on the incentives and programs available. Hope that helps a bit, Rover Guy
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| Looking to lease a 2008 Land Rover HSE. Dealer says $1650 per month. This includes luxury package, DVD, Tire/Wheel protection. 12,000 miles per month. He says discount and rebates of 13,000 give me a good deal. However, money factor seems high and residual seems very low. Anyone hear of what I should really be paying. Thanks! | |
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Replying to: rob_lasvegas (Nov 26, 2008 6:04 am) The lease seems high to me. The money factor is average and the residuals are horrible. I assume that you are leasing this vehicle in Las Vegas? How many months is the lease? Best, Matt eights38  gmail.com
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Replying to: nyrangerover1 (Nov 14, 2008 9:44 pm) Glad you got the deal, and didn't get nailed by the mileage switch-a-roo.. The Santorini Black is the new color, it is actually more metallic and brilliant then the Java, but you can only really see the flakes in direct sunlight. of course this is just my opinion …  Rover Guy |
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Replying to: blessedcrys (Nov 13, 2008 10:06 pm) I calculated your deal using a Range Rover HSE $78,550 MSRP / $72,254 INV. Minimal drives 1st payment tax and lic, rolling your last payment.. I came up with this: $2,125 due at signing $1,023 + tax per month $1,108 including tax 8.25% 10,500 miles per year 36 months Tier “0” 37 % residual LRCG Take note that it is much harder to qualify for tier “0” more typically you will see tier “1” approvals, if this is the case it would bring your payment up to $1,048 + tax and up your drive off to about $2,155. Hope that helps.. Rover Guy |
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Replying to: rob_lasvegas (Nov 26, 2008 6:04 am) That deal seems very high – not taking credit score into consideration, and I am not familiar with the Tire and Wheel Protection. Roughly I come up with something like this: MSRP $85,550 / Inv $78,629, $5750 rebate $2,400 due at signing $1,400 a month including tax 36 months 12,000 miles per year .00351 (tier 0) or .oo380 (tier 1) 36% Res. I am not sure how much the tire and wheel protection is, but I can’t imagine is worth $250 a month… Hope that helps! Rover Guy
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